AMERICAN RESEARCH & MANAGEMENT CO. Information

145 FRONT STREET, MARION, Massachusetts, 02738, (508) 748-1665

Report Date: 12/31/2014

Position Statistics

Total Positions 398
New Positions 18
Increased Positions 47
Decreased Positions 103
Positions with Activity 150
Sold Out Positions 24
Total Mkt Value (in $ millions) 275

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 6.62%
Capital Goods 1.51%
Conglomerates 0.02%
Consumer Cyclical 2.74%
Consumer/Non-Cyclical 14.28%
Energy 10.02%
Financial 13.97%
Healthcare 10.8%
Services 8.79%
Technology 17.01%
Transportation 0.38%
Utilities 2.22%

398 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
LEUCADIA NATL CORP COM 2,712 -1,064 (28.18) 113,030
OCEANEERING INTL INC COM 12 -763 (98.44) 225
ATWOOD OCEANICS INC COM 29 -689 (95.99) 950
DUKE REALTY CORP PFD 1/10 L 6.6 -586 Sold Out 0
CAMBRIDGE BANCORP COM -342 Sold Out 0
KINDER MORGAN INC DEL COM 641 -337 (34.49) 15,591
NATURAL RESOURCE PARTNERS L P COM UNIT L P 28 -336 (92.34) 3,550
RAYONIER INC COM -303 Sold Out 0
EXPEDITORS INTL WASH INC COM 679 -288 (29.76) 14,125
PRIVATEBANCORP CAP TR IV PFD TR SECS 2,712 -263 (8.84) 98,302
ENCANA CORP COM 2,370 -257 (9.79) 188,841
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 1,101 -196 (15.09) 13,500
3-D SYS CORP DEL COM NEW 26 -195 (88.1) 900
CDK GLOBAL INC COM 421 -180 (29.96) 8,998
INTL FCSTONE INC COM 200 -166 (45.39) 7,310
CENOVUS ENERGY INC COM 2,649 -159 (5.67) 151,548
KNOWLES CORP COM 494 -120 (19.55) 25,820
RAYONIER ADVANCED MATLS INC COM -112 Sold Out 0
INTERNATIONAL BUSINESS MACHS COM 11,089 -108 (0.96) 68,866
ALTRIA GROUP INC COM 5,176 -107 (2.03) 91,684